020 7898 0500The big news from the US in recent days has been the Trump administration’s tax reform bill that is close to being passed. It is worth bearing in mind that the Senate and House of Representatives have passed different legislation so they both need to be merged before it is official. The merging allows the possibility for objections so a few stumbling blocks could still be on the horizon.
Factory orders came in better than expected, but in truth there wasn’t much economic data from the US yesterday. Today promises to be a much busier affair, with the balance of trade figures released, as well as the non-manufacturing PMI. The figure is expected to fall slightly, from 60.1 in October to 59.2 in November.
We will also see the services and composite PMI figures.
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